Electric vehicle (EV) charging company EVC has secured up to £165m (€187.2m) from funds managed by Denham Capital’s infrastructure arm to help expand the business across the UK.
UK-based EVC said the capital from Denham Sustainable Infrastructure (DSI) funds will be used to accelerate the firm’s plan to deliver up to 100,000 EV charge points across the UK by 2027.
EVC, founded in early 2020, funds and installs EV charge points, under long-term contractual lease agreements at locations like hospitality, leisure and retail venues, workplaces and multi-dwelling residential units.
Nick Ballamy, CEO of EVC said: “Denham Sustainable Infrastructure’s commitment – one of the largest seen in the UK EV charging infrastructure sector – will turbocharge our ability to provide businesses and customers across the nation with the confidence to make the switch and join the electric vehicle revolution.”
Scott Mackin, partner and co-head of Denham Sustainable Infrastructure, said: “This investment in EVC is part of our sustainable infrastructure strategy to invest globally in businesses that are key to the energy transition.
“We have a focus on working with strong management teams with an excellent track record and a platform from which to accelerate growth.”
Sarah Lane, director at Denham Sustainable Infrastructure, said: “Our partnership with EVC will help deliver convenient and easy-to-use EV charging infrastructure across the UK.
“EVC’s leadership combines expertise in energy and grid, large scale infrastructure deployment, customer-focused technology systems as well as property and carpark management.”
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